VIB Vermogen, a German company specialising in commercial real estate, has purchased two logistics properties in Neufahrn, near Munich, and Wackersdorf in southern Germany for EUR 37 mln. The properties, which are completely let, generate an annual rental income of about EUR 2.8 mln. The deal reflects a rental yield of 7.5% per annum, the company said in a statement.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
